OFS Credit Company, Inc. to Issue Monthly Dividend of $0.12 (NASDAQ:OCCI)

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Friday, April 18th will be given a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a yield of 19.35%. The ex-dividend date of this dividend is Thursday, April 17th.

OFS Credit has increased its dividend payment by an average of 32.9% annually over the last three years. OFS Credit has a payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Performance

NASDAQ:OCCI opened at $7.13 on Wednesday. The firm has a market cap of $112.30 million, a P/E ratio of 7.92 and a beta of 1.34. OFS Credit has a fifty-two week low of $6.52 and a fifty-two week high of $7.81. The firm has a 50-day simple moving average of $7.21 and a two-hundred day simple moving average of $7.28.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.57 earnings per share (EPS) for the quarter. On average, equities research analysts predict that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.